Accounting Reporting Criteria Paper

This paper will compare and contrast the method of accounting account criteria such as the regulatory environment, issues with foreign currency, and accounting inform practices within U.S. Company Hewlett Packard and the Swiss fiscal services tight UBS.

This paper will in like manner conduct research base the globose business environment viewed from various dimensions. These dimensions are listed preceding(prenominal) (regulatory environment, issues with foreign currency, differences in and GAAP). This paper will also stay on the regulatory environment, the business risk dealing with foreign currency and the differences between U.S. GAAP and Global GAAP.

Within the context of a global business environment, regulatory implications involve two study aspects. One is the rules-making body called the International Accounting Standards Board (IASB). The siemens major aspect involves the legal component. There are legion(predicate) differences between U.S. GAAP (FASB) and Global GAAP (IASB). Local brass laws will vary by the geopolitical and economic frameworks of each(prenominal) country.

Differences in and GAAPAccounting and financial reporting are an important member of organizations worldwide. Accounting is a process used by global organizations to process, identify and communicate economic information. Companies worldwide utilize financial statements to provide an overview of its business financial position. The play alonging research compares and contrasts the accounting reporting criteria practices of U.S. technology services provider Hewlett Packard, and Swiss found financial services firm UBS.

HP and UBS both follow specific accounting practices when recording its financial information. While the organizations allot many similarities in its reporting there are also many differences. HP reports its consolidated financial statements in unity with U.S. generally accepted accounting principles (GAAP), which requires management to make judgments, assumptions, and estimates which prompt the reported amounts of assets, liabilities, net revenue and expenses, and the disclosure of assets and liabilities. These principles differ from UBS as its financial statements are prepared in accordance...

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